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Worcester 01609 Salisbury Street
231 Moreland St
$375,000
● House - Off Market

231 Moreland St

Worcester, MA 01609
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,168 Ft²
$434,766
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Turn-key three bedrooms, two bathrooms and two car garage ranch located in the Salisbury Street neighborhood is move in ready. Gleaming hardwood floors and recessed lighting throughout the updated home. The front entrance of the home opens into a bright, spacious living room with an abundance of natural light and a firewood fireplace. Off the living room is the dining room and a freshly updated kitchen that leads out to a quaint three seasons sunroom with access to an outside, expansive backyard with a newly installed stone patio for private outdoor entertainment or leisure. All three bedrooms are bright and freshly painted. Downstairs features a fully finished basement with a full bathroom, laundry room and utility room, which neatly tucks away the furnace and hot water tank.
Unit Size
1,168 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$334
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1956

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 years ago (MLSPIN #72897727)

Price History

Date / Event Date Event Price
Nov 19, 2021 Sold
Premium
Sold
Sep 20, 2021 Listed by Charlton Realty $389,900
Listed by Charlton Realty
Oct 28, 2016 Sold
Premium
Sold
Feb 23, 1990 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 624
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,200
  • Total Building Area: 1,168
  • Gross Building Area: 2,632
  • Building Area: 1,168
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,168
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000234
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730700

Zoning

  • Zoning: RS-10

Geography

  • Account Number: 50-001-00008
  • Parcel: WORC M:50 B:001 L:00008
  • Block: 1
  • Lot: 8
  • Municipality: WORCESTER
  • Latitude: 42.2914
  • Longitude: -71.8412

    Address

  • Full Address: 231 Moreland St
  • Address - House Number: 231
  • Address - Street Name: Moreland
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C017
  • 4-Digit Zip Code: 1320
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $469,900

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 431,924
  • High Value: 506,349
  • Low Value: 357,499

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $327,700
  • Assessed Land Value: $106,300
  • Assessed Improvements Value: $221,400

    Sales

  • Current Sale Contract Date: Nov 19, 2021
  • Current Sale Recording Date: Nov 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 163105
  • Previous Sale Recording Date: Oct 28, 2016
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Salisbury Street

Stats & Trends

Median Asking:

$644,900

Sale Price/ft²

$265

Below Asking

0.01%

Average Days on Market

56

Average Home Size

3199 ft²

Average Home Age

85.9 years

Currently For Sale

13 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72897727

Frequently Asked Questions

When was property at 231 Moreland Street built and last sold?
The property at 231 Moreland Street was built in 1956 and last sold on Nov 19, 2021 for $375,000.
How much is this home worth?
The estimated value of the home located at 231 Moreland Street is $0.
What are some comparable homes to 231 Moreland Street?
There are currently no comparable homes to 231 Moreland Street.
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